Indian Bank

DAY-22 P rice update Name Open High Low Close HDFC 1,829.00 1,836.00 1,805.85 1,828.20 Bank of Baroda 230.98 233.75 226.86 228.53 SBI 772.1 778.6 767 771.5   News update RBI Likely to Continue Rate Cuts in April, Says Bank of America Bank of America (BofA) anticipates that the Reserve Bank of India (RBI) will lower the repo rate to 6% during the upcoming Monetary Policy Committee (MPC) meeting in April. The firm projects a 25 basis points (bps) cut, bringing the rate down to 6%. BofA cited stable yet non-inflationary growth and subdued price pressures as key factors providing the RBI with sufficient room to proceed with its rate-cutting cycle. Additionally, slower growth and easing inflation further support the likelihood of a rate cut. While BofA maintains a cautious outl...

  DAY-21 Price Update Name Open High Low Close HDFC 1,829.00 1,836.00 1,805.85 1,828.20 Bank of Baroda 230.98 233.75 226.86 228.53 SBI 772.1 778.6 767 771.5 By the 20th day, I felt like I had run out of content to read. I had gone through all the reports of these three banks, including the thematic and concall reports. After a lot of brainstorming, I decided to read the source of these reports and concall — the detailed financial reports of the banks. I understand that it won't be possible to finish them in one day, so I'll tackle a different section every day. Starting with SBI 's financial report for FY24 , I have already covered the ratings and other reports, so my focus now shifts to the Director’s Report . Economic Backdrop: Global Economic Scenario FY24 w...

  DAY-20   Big Moves in India's Economy: What You Need to Know for FY26 India’s financial scene is heating up with major developments. From relaxed foreign investment rules to aggressive borrowing and anticipated rate cuts, here’s how the landscape is shifting: Foreign Investment Cap Increased The RBI is making bold moves by raising the cap for foreign individual investors in listed companies from 5% to 10%, and the total foreign ownership limit to 24%. This is designed to attract more foreign funds and deepen the capital markets. However, regulators remain cautious to prevent hostile takeovers. Check out the details here . Government’s Borrowing Spree The government is planning to borrow Rs 8 lakh crore in the first half of FY26. This will finance infrastructural projects and cover fiscal gaps. While this move may pressure bond yields, it also reflects confidence in India’s economic resilience. Read more about it here . Rate Cut Expectations The swap market ...

  DAY-19                                                 Name Open High Low Close HDFC 1,825.0 1,827.5 1,802.0 1,806.6 Bank of   Baroda 223.0 225.0 219.5 220.3 SBI 772.0 776.1 761.5 764.0       First and foremost, I couldn't post for the last four days as I was unwell. Not that anyone is probably reading this —but hey, I'm feeling better now and ready to be consistent from here on. TECHINCAL UPDATE:   HDFC: As I mentioned earlier, HDFC had the potential for a strong bullish run if it crossed its resistance level....